If financing is allowed, you need a firm pre-approval letter and must account for a buyer's premium (often ~5% on top of the bid price). 🔨 Phase 2: Registration & Bidding
Interior access is rarely granted. Conduct a "drive-by" inspection to assess the exterior, neighborhood, and occupancy status (e.g., squatters or previous owners still living there). Financial Setup: buying a house at auction process
If the property is occupied, you are responsible for the legal eviction process, which can be costly and time-consuming. If financing is allowed, you need a firm
Winning the bid does not always mean you can move in the next day. If financing is allowed